RI Gas Prices Dip Below $3.00 for First Time Since 2010

Almost four years to the day from the last time it happened, gasoline prices in Rhode Island have fallen below the $3.00 per gallon mark, according to AAA Southern New England.

AAA’s November 17th survey of prices in Rhode Island found self-serve, regular unleaded averaging $2.98 per gallon, down three cents from last week. Prices locally are 22 cents lower than a month ago. The current price is nine cents more than the national average for regular unleaded of $2.89. A year ago at this time Rhode Island’s average price was 42 cents higher at $3.40. The average price last fell below $3.00 when it hit $2.96 on November 15, 2010.

“Since June, the price of crude oil has fallen dramatically, by 35 percent,” said Lloyd P. Albert, AAA Southern New England Senior Vice President of Public and Government Affairs. “Combine that with strong supplies and lesser demand, and it’s easy to see why prices have dropped. And the indications are that this downward trend will continue.”

The range in prices in the latest local AAA survey for unleaded regular is 33 cents, from a low of $2.86 to a high of $3.19. AAA advises motorists to shop around for the best prices in their area, and to make sure they and their passengers buckle up- every trip, every time.  

Today’s local gas prices and their ranges are as follows:

Regular Unleaded
$2.989 (Range: $2.869-$3.199)     

Midgrade Unleaded
$3.279 (Range: $3.109-$3.699) 
                                              
Premium Unleaded
$3.419 (Range: $3.249-$3.799)                                             

Diesel
$3.559 (Range: $3.459-$3.999)                                         

Find the most up-to-date local gas prices with the AAA Fuel Finder by logging onto AAA.com and clicking on Gas Saving Tips & Tools. AAA members can also obtain a copy of the Gas Watcher’s Guide at their local AAA Southern New England office.

AAA Fuel Saving Tip of the Week

As temperatures drop, so does the air pressure in your tires. To maximize your fuel economy, check and adjust tire pressure once per month.

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